Well price did what I thought it would do. I got in at my 1.5940 level and price fell 100 pips. Sitting in front of my charts this morning I was up the 100 pips so I set a break even. Right after I set break even I got snapped out for just that! Oh well didn't lose anything. Let this be a lesson to always trade 3 to 4 units and take something off when you get up a certain amount of pips and set whatever is left to break even. Live and learn, I knew this but for some reason I just traded one unit. Oh well. So for tonight I feel as if we are going to retrace back up to the R1 level area which is a 38.2 retrace of wave 3. We are in a wave 4 so once price hits this area I look for a drop. This area will also be approx 60 bars on the hourly chart which is what wave 2 was if your looking for symmetry? Also this is major resistance at 1.6030 level. I am going short 4 units at 1.6025 with a stop at stop 50 pips north. My 1st target will be 1.576 level where I will take profit on 3 and leave 1 set at break even. Let's See?